Mexico's Alfa expects valuation boost after food business refocus
ReutersApr 24, 2025 6:40 PM
MEXICO CITY, April 24 (Reuters) - Mexico's Alfa expects its valuation to come in line with peers' after it spun off a number of units to focus on its food business Sigma, Alfa CFO Eduardo Escalante said on Thursday.
Shares in Alfa jumped nearly 14% during the firm's first-quarter earnings call before paring back gains to around 11% at 14.85 pesos ($0.7578) apiece. They've climbed some 26% so far this year.
($1 = 19.5960 Mexican pesos)
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